Economics · Development Financial Institutions

Which of the following describes a key operational function of SIDBI in supporting the Indian industrial framework?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Administering direct income tax relief policies and direct tariff exemptions
2Allocating fiscal grants and subsidies to international corporate enterprises
3Fostering structural innovation, technological modernization, and credit flow in the MSME sector✓
4Catering exclusively to financing demands of large-scale heavy conglomerates

Correct answer

Fostering structural innovation, technological modernization, and credit flow in the MSME sector

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